7 telltale signs of a charity scam
Everything Else

7 telltale signs of a charity scam

One of the perks of social media and technology is that they help people stay connected with the world. While that is an advantage, one of the many disadvantages of easy information sharing is an increase in scam schemes, especially charity scams. Scammers capitalize on a donor’s goodwill and try to line their pockets with the donated money. Here are some of the telltale signs of a charity scam that should not be missed. 1. Giving insufficient charity details Every charity organization has its purpose and mission statement ready. These are some basic details an organization is always prepared with. Donors usually look at these mission statements and purposes to determine if there is an alignment in their thoughts and mission. If a charity cannot provide these details, it could be a sign that they are not a legitimate charity. Some of the questions to ask them are mentioned below: Where does the charity work, and where is the headquarters located? How is the donation money used? What is the organization’s tax-exempt number? Does all the money go directly to the program or only some percentage? 2. Pretending to be an employee of a known organization Some scammers will call to thank a donor for a gift they received for a cause of the donor’s choice.
Read More
5 accounting software failures that lead to business risks

5 accounting software failures that lead to business risks

Accounting is a crucial process for businesses of all sizes, and it requires a high level of precision and accuracy. Therefore, many organizations are now using accounting software to minimize the risk of human errors. However, mistakes are often encountered despite using automated software. Even a minor error can lead to significant problems for the business. Therefore, it’s important to be aware of the potential failures of accounting software, which can ultimately lead to business risks. What is the function of an accounting software? Before getting into different issues encountered with accounting software, it is crucial to understand the ways in which it can benefit an organization. Generally, an organization uses accounting software for the following purposes: Automation of financial process Quick access to critical information Efficient workflow when a large amount of data is involved Accurate calculations and precise processing of operations Challenges involved in the development of accounting software Accounting software can be a useful tool for businesses and professionals to keep track of sales, profits, cash flow, cash reserves, loan allocations, and billing information. This is often sufficient for small businesses. However, larger businesses may require more advanced accounting software that has the capability of generating balance sheets, bank balances, and the value of creditors, debtors, and assets.
Read More